NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $1.17BWorld Rnk 2 / 151
Flag Rnk 13 / 1123
2023
Destination $10.2M United States
2022 - 2023
FASTEST GROWING MARKET $10.2MTurkey
2023
PRODUCT COMPLEXITY IN Coconut Oil-1.7Rnk 972 / 1025
2023
Imports $22.2MWorld Rnk 34 / 210
Flag Rnk 500 / 1202
2023
Origin $69k Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $69kNetherlands
2023
ECONOMIC COMPLEXITY of Philippines0.64Rnk 40 / 132

About

Exports In 2023, Philippines exported $1.17B in Coconut Oil, making it the 2nd largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 13th most exported product in Philippines. The main destination of Coconut Oil exports from Philippines are: United States ($380M), Netherlands ($240M), Spain ($84.8M), China ($81.6M), and Germany ($68.4M).

The fastest growing export markets for Coconut Oil of Philippines between 2022 and 2023 were Turkey ($10.2M), Spain ($9.78M), and Mexico ($1.63M).

Imports In 2023, Philippines imported $22.2M in Coconut Oil, becoming the 34th largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 500th most imported product in Philippines. Philippines imports Coconut Oil primarily from: Indonesia ($18.5M), Malaysia ($3.48M), Canada ($112k), Netherlands ($69.3k), and United States ($34.5k).

The fastest growing import markets in Coconut Oil for Philippines between 2022 and 2023 were Netherlands ($69k), Canada ($34.2k), and Poland ($4.38k).

COMPANIES In 2023, leading companies such as Walmart (3) were at the forefront of shipping Coconut Oil from Philippines to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Philippines' Coconut Oil exports accounted up to $215M and imports accounted up to $4.7M, resulting in a positive trade balance of $210M. Between July 2023 and July 2024 the exports of Philippines'   Coconut Oil have increased by $92.6M (76%) from $122M to $215M, while imports decreased by $-2.42M (-33.9%) from $7.12M to $4.7M.

Destinations In July 2024, Coconut Oil were exported mostly to United States ($52.7M), Netherlands ($52.1M), Italy ($23.2M), Malaysia ($21.3M), and Spain ($20.1M), and were imported mostly from Indonesia ($4.67M) and Malaysia ($38.4k).

Growth In July 2024, the increase in Coconut Oil's year-by-year exports was explained primarily by an increase in exports to South Korea ($3.77M or 378%), Spain ($1.96M or 47.7%), and Canada ($439k or 334%). In July 2024, the decrease in Coconut Oil's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-4.09M or -98.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$92.6M(76%)
IMPORT GROWTH (July 2023 - July 2024)$-2.42M(-33.9%)
MAIN DESTINATION (July 2024)United States$52.7M

This section shows Coconut Oil's exports and imports data at subnational level for Philippines. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Coconut Oil over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$1.17B
IMPORTS (2023)$22.2M
NET TRADE (2023)$1.15B

In 2023, Philippines exported $1.17B in Coconut Oil. The main destinations of Philippines exports on Coconut Oil were United States ($380M), Netherlands ($240M), Spain ($84.8M), China ($81.6M), and Germany ($68.4M).

In 2023, Philippines imported $22.2M in Coconut Oil, mainly from Indonesia ($18.5M), Malaysia ($3.48M), Canada ($112k), Netherlands ($69.3k), and United States ($34.5k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Coconut Oil EXPORT MARKETS FOR Philippines WERE (2022 - 2023):
Turkey$10.2M (3.77k%)
Spain$9.78M (13%)
Mexico$1.63M (130%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconut Oil BY Philippines WERE (2022 - 2023):
Netherlands-$321M (-57.2%)
Germany-$129M (-65.4%)
Malaysia-$129M (-78%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Philippines's main exporting competitors in Coconut Oil were:
Indonesia $2.54B
Malaysia $1.09B
In 2023, Philippines's main importing competitors in Coconut Oil were:
United States $1.05B
China $893M
Germany $678M

Explore Visualizations

Trade Value of Coconut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $68.8M
TOP IMPORT POTENTIALIndonesia+ $4.22M

Coconut Oil’s highest export potential is China. With an export gap of $68.8M.   Coconut Oil’s highest import potential is Indonesia with an import gap of $4.22M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms